Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$215,580$215,580$278,991
Remaining term (yrs)23.923.930.0
Secondary amount$0$63,411$0
Funding fee$1,078$1,078$0
Note rate2.87%2.87%7.18%
Blended rate2.87%4.263%7.42%
1st payment$1,036.56$1,036.56$1,889.98
2nd payment$0.00$475.58$0.00
Taxes / mo$323.00$323.00$323.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$55.80
HOA / mo$0.00$0.00$0.00
Total monthly$1,509.56$1,985.15$2,418.78
Cash to close$94,410$30,999$30,999